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Bank of America Faces Record $17 Billion Settlement on Pre-Crisis Bad Loans 

Aug 07, 2014By

Bank of America Corp. (NYSE: BAC) is nearing a $16 billion to $17 billion settlement with the Justice Department to resolve allegations of mortgage misconduct prior to the financial crisis, according to various reports citing people familiar with the matter. Bank of America has agreed to pay roughly $9 million in cash to the government, […]